Question: Method# 1 : Using a weighted moving average of 0 . 3 5 [ last day ] , 0 . 3 0 [ 2 days
Method#: Using a weighted moving average of last day days ago days ago days ago days ago calculate the daily forecasts for the last days. In addition, what is the forecast for the Monday of this week?
Method #: Assume that the forycast for Monday of weeks ago was units. Using an Exponential Smootiing with calculate the daily forecasts for the last days. In addition, what is the forecast for the Monday of this week?
Calculate the Mean Squared Error for each of the above methods based on the daily forecasts for the last days. Which method is more accurate? Why?
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